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Manufactured in the metaverse: Mercedes-Benz designs virtual factories with Nvidia Omniverse

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Building state-of-the-art factories requires a state-of-the art planning system.

Mercedes-Benz is taking the next step in digitizing its production process, using the Nvidia Omniverse platform to design and plan manufacturing and assembly facilities.

By tapping into Nvidia AI and metaverse technologies, the automaker can create feedback loops to reduce waste, decrease energy consumption and continuously enhance quality. [Read more…] about Manufactured in the metaverse: Mercedes-Benz designs virtual factories with Nvidia Omniverse

Electric Future: Siemens providing software platform to support nascent electric airplane market

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Swedish electric airplane maker Heart Aerospace has selected the Capital product lifecycle management suite from the Siemens Xcelerator portfolio of software and services to support its design, development, and certification of zero emission electric aircraft.

Siemens’ Capital will provide electrical and electronic (E/E) system design and support as Heart Aerospace addresses the market and regulatory demands of escalating performance and commercial certification requirements.

As part of the extensive electrification in these aircraft, Heart Aerospace must address the complexity of the Electrical Wiring Interconnect System (EWIS) while also addressing electrical system compliance risk. [Read more…] about Electric Future: Siemens providing software platform to support nascent electric airplane market

Oil and gas drilling contractor Nabors acquires digital twin developer MindMesh

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Oil and gas drilling company Nabors has acquired engineering technology firm, MindMesh. The acquisition includes the downhole simulation and modeling technologies that the MindMesh team has developed.

Additionally, MindMesh co-founder and chief technology officer Raju Gandikota joined Nabors as a Director in the Controls and Automation group.

Plans are in the works to integrate several digital modeling and visualization technologies complementary to Nabors’ Smart Suite of drilling automation and digitalization products. [Read more…] about Oil and gas drilling contractor Nabors acquires digital twin developer MindMesh

Why China launched the digital yuan in the first place

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China is the first country to develop a digital currency available in the mobile payment system. The website yuan pay coin will help traders to understand more about trading.

CBDCs are designed with two purposes: to simplify and broaden access to financial services and improve security against risks of financial crime and terrorism.

Digital Yuan can have multiple benefits for both countries and citizens: reducing costs for governments when issuing money; making payments easier; increasing transparency to facilitate regulation of private banks; speeding up settlements between banks; enhancing anti-money laundering controls when transferring funds from one account to another, and so on. [Read more…] about Why China launched the digital yuan in the first place

Fruitcore Robotics raises €23 million to further commercialize Horst robot

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Fruitcore Robotics, the startup creator of Horst robots, has raised €23 million to “enable companies of all sizes – from medium-sized businesses to global corporations – to introduce robotics and automation solutions into their manufacturing”.

Three years after its market launch, Fruitcore Robotics is already automating several hundred different applications in 29 different industries in Germany, Austria, Switzerland and Italy. The 60+ partner network in the DACH region and Italy is being continuously expanded.

Internationally renowned venture capital firms Capricorn Partners and Kompas, and the high and deep tech investor XAI technologies are investing in Fruitcore Robotics for the first time. [Read more…] about Fruitcore Robotics raises €23 million to further commercialize Horst robot

ABB opens state-of-the-art robotics mega factory in Shanghai

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ABB has officially opened its state-of-the-art, fully automated and flexible robotics factory in Kangqiao, Shanghai, China. (See video below.)

The 67,000 sq m production and research facility represents a $150 million (1.1 billion RMB) investment by ABB and will deploy the company’s digital and automation technologies to manufacture next generation robots – enhancing ABB’s robotics and automation leadership in China.

Sami Atiya, president of ABB Robotics and Discrete Automation, says: “Building on three decades of success in China, the opening of our new mega factory is another milestone in helping our customers grow sustainably, address labor shortages and create high-value jobs in a new era of automation. [Read more…] about ABB opens state-of-the-art robotics mega factory in Shanghai

5 Crucial Lessons to Learn from Successful Digital Transformation Stories

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Transform. Transform. Transform. That’s what most organizations have been doing since the Covid-19 pandemic struck and made digital transformation a necessity.

Companies are working hard on digital transformation projects, but some are experiencing digital transformation fatigue and giving up–because they’ve spent large amounts of money with no ROI.

The success rate of digital transformation is a lot lower than the failure rate (70 percent). Many organizations have paused their initiatives or stopped them altogether. [Read more…] about 5 Crucial Lessons to Learn from Successful Digital Transformation Stories

TeamViewer and Hyundai partner to accelerate digital innovation in automotive smart factory

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TeamViewer, a provider of remote connectivity and workplace digitalisation solutions, is partnering with mobility solutions provider Hyundai Motor to digitalise business operations and manufacturing processes for Hyundai Motor Group Innovation Center in Singapore (HMGICS).

TeamViewer and Hyundai Motor Company will cooperate to maximise digitalisation benefits in HMGICS’ smart factory using TeamViewer’s Augmented Reality (AR) platform, which includes Mixed Reality (MR) and Artificial Intelligence (AI) capabilities.

The platform will support assembly, maintenance, quality management, logistics, client experience projects and workforce training. The two companies will conduct joint research and development (R&D) activities in AR-powered smart factory operations, immersive digital experience for frontline workers and AI support for a future automotive factory. [Read more…] about TeamViewer and Hyundai partner to accelerate digital innovation in automotive smart factory

Nokia and Flex to combine 5G SA private wireless and Industry 4.0 expertise for advanced manufacturing solutions in Brazil

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Networking giant Nokia has agreed a collaboration with Flex Brazil to deploy 5G SA private wireless networks in its manufacturing facilities in Brazil.

Initial use cases will focus at increasing wireless applications and exploring the potential of 5G for reliable connectivity, massive transfers of operational data and greater layout flexibility on the shopfloor.

Nokia Digital Automation Cloud (Nokia DAC) will provide the private wireless on-demand service as well as MX Industrial Edge computing and digital-enabling applications. [Read more…] about Nokia and Flex to combine 5G SA private wireless and Industry 4.0 expertise for advanced manufacturing solutions in Brazil

Advice for Going Through Digital Transformation

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Digital transformation is something that all businesses need to go through. Essentially, this involves integrating digital technologies into the business operation to change the way in which the company operates.

Although this can be challenging and disruptive, you will find that there are many benefits to doing this, and it could help to boost the overall success of the business.

So, what can you do during digital transformation to overcome the challenges and reap the rewards? This article will look at a few tips for businesses going through a digital transformation that should be useful and help you to find success with yours if you happen to be going through the process. [Read more…] about Advice for Going Through Digital Transformation